Scam Alert

Monkey Drainer Scammer Keeps Stealing NFTs Worth $800,000

According to blockchain investigator ZachXBT, the infamous non-fungible token (NFT) scammer Monkey Drainer has stolen CryptoPunk and Otherside NFTs valued at $800,000.

The hack was the second in as many weeks, following the phishing scammer’s theft of cryptocurrency and NFTs valued at $1 million on October 25.

According to blockchain security company PeckShield, the wallet known as Monkey Drainer this time took seven CryptoPunks and twenty Otherside NFTs before flushing the ill-gotten profits through the anonymous coin mixer Tornado Cash.

The most serious month for attacks since the advent of cryptocurrencies, October saw more than $718 million stolen across decentralized finance (DeFi) protocols within the first two weeks of the month, setting off the newest attack. Prominent among the crashes was the Mango Market event that Coincu reported.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.